EU sees biofuel consumption fall by 2031, palm oil imports slump

In its 2021-2031 Agricultural Outlook, the Commission projected that EU biodiesel use will fall 24% to 14.3 billion litres in 2031 after a peak at 18.9 billion litres in 2023.

PARIS: Biofuel consumption in the European Union is set to fall by 2031 as road transport moves away from fossil fuel, while palm oil imports would plummet, slashed by stricter environment regulation, the European Commission said on Thursday.

In its 2021-2031 Agricultural Outlook, the Commission projected that EU biodiesel use will fall 24% to 14.3 billion litres in 2031 after a peak at 18.9 billion litres in 2023.